9 months ago

Rare Earth Metals Market Size, Development Trends and Growth Prospect Forecast by 2012-2022

Rare earth metals are a set of seventeen elements that exhibit similar properties and belong to the actinide and lanthanide series.

Additionally, they are

Additionally, they are also used as catalysts in petroleum refining & automotive and as pigments in ceramics and glass. Metals such as Neodymium are widely used in the manufacturing of permanent magnets. This is projected to directly impact the demand for neodymium which is one of the maximum consumed rare earth metal. Additionally, the developing automobile industry is anticipated to enhance the demand for magnets, in turn, are projected to drive rare earth metals market demand. Another major factor driving the rare earth metals market is the increasing use of these elements as a metal catalyst. Lanthanum and Cerium are widely used as catalyst in petroleum and metallurgical refining process. Hence, it expected to significantly increase the demand for lanthanum and cerium which has accounted for over 50.0 % of global rare earth metal consumption in 2012. Despite the vast application scope for these metals, the market faces significant restraint in the form of depleting reserves and unavailability of raw material. In the recent past, over 90.0 % of these elements were extracted in China, and this has led to rising supple demand gap in several other parts of the world. The expected depleting prevailing reserves of rare earth metal include dysprosium and neodymium since the consumption is projected to increase drastically over the forecast period owing to increasing consumption by end users such as electrical vehicles and the wind turbines industry. Furthermore, the environmental threats of mining have enforced several countries such as China to impose a ban on extreme mining to restrain exploitation of resources. Request Sample Copy of this Market Research @ The major rare earth metals include Lanthanum, Yttrium, Dysprosium, Cerium, Praseodymium, Neodymium and Gadolinium. Cerium was the maximum consumed metal, accounting for over 35.0 % of global rare earth market consumption in recent past. Cerium is extensively used as a rare earth metal catalyst in refining and metallurgy process. The rising industrialization in emerging economies is anticipated to fuel the demand for cerium over the next eight years. Lanthanum was recorded as the second highest consumed metal with global consumption of more than 40 kilo tons in recent past. It is also used in a variety of refining and metallurgical activities. Neodymium is one of the most significant rare earth metals and has its application in permanent magnets. The demand for permanent magnets is expected to grow significantly owing to its increasing use in electronic and automobile application.

Metallurgy, magnets, glass, polishing, and catalyst are main applications for the rare earth metals market. Magnets were the biggest application segment for this market. The rising use of magnets in automotive and wind turbine is expected to fuel the sales of these metals. Catalyst and metallurgy were the largest application markets for these metals accounting for over 35.0 % of the revenue in recent past. Asia Pacific is anticipated to be account for major market share over the forecast period mainly due to the growing awareness regarding its industrial advantages and presence of rich natural resource reserves. China constitutes more than 90% rare earth metals manufacturing, thus creating a huge demand and supply gap in the sector. Hence, creating new opportunities for emerging manufacturers that are anticipated to cater the growing end-user demand from electric vehicle industry coupled with wind turbine industry. North America and Europe are anticipated to witness significant growth over the next eight years owing to the presence of high reserves of rare earth metals and rising demand from end-user industries. Particularly the US, Germany, France, the UK, and Italy are projected to account for highest growth in the region majorly due to growing demand for big 5 elements and rising R&D endeavors to enhance quality and properties. The Middle East & Africa is projected to see significant growth by 2024 mainly owing to increasing urbanization, globalization, and industrialization. The market has huge potential in this region primarily owing to growing economic development, and rising purchasing power parity. Molycorp Inc. and China Northern rare Earth Group High-Tech Co Ltd account for major market share and presently considered as largest companies manufacturing rare earth metals. Few other market vendors include Canada rare Earths Ltd, China rare Earth Holdings, Alkane, Avalon, Arafura, Lynas Corporation Limited and Great Western Mineral Group. See More Reports of this Category by Million Insights @ Market Segment: Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Rare Earth Metals in these regions, from 2012 to 2022 (forecast), covering • North America • Europe • China

Rare Earth Metals Market Size, Share, Trends, Growth & Future Scope 2022
Rare Earth Metals Market Regional Analysis With Top Players, Revenue And Growth Rate 2025
Rare Earth Elements Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2012 To 2020
Rare Earth Elements Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2012 To 2020
Rare Earth Elements Industry Analysis - Market Research Report To 2020: HexaResearch
Lanthanum Market: Global Industry Analysis and Forecast 2014 - 2020
Rare Earth Elements Market-Referred as Seeds of technology- Exhibit multiple manufacturing Industries segments: Market to expand at a healthy rate up to 2023
Rare Earth Metals Market by Type Table of Content:-
Rare Earth in China Market Overview and Trends Forecast
rare metals and rare earth elements - Commerce Resources Corp.
Rare earth elements and rare metals - IBC Advanced Alloys
Rare Earth Elements Size, Segmentation To 2020: Grand View Research, Inc.
Recycled Metal Market-Size, Share, Growth, Trends, and Forecast 2016 - 2024
Gadolinium-based Contrast Agent Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
China Development Trend and Investment Prospect Toy Market 2014-2018 Industry Trends, Size, Share, Growth, and Forecasts
China Development Trend and Investment Prospective Automotive Tire Market 2014-2018 Industry Trends, Size, Share, Growth, and Forecast
Silicon Metal Powder Market Classification, Growth Prospect and Distributor Analysis till 2022
Silicon Metal Powder Market Segmented by Material, Type, End-User Industry and Geography – Trends and Forecasts 2022
Ethyleneamines Market - Industry Outlook, Size, Share, Growth Prospects, Key Opportunities, Trends and Forecasts 2022
Ultra-low Alpha Metals Market Size, Share, Growth, Trends, and Forecast 2016 – 2024
Global Electric Motors Market to 2022 - Industry Outlook, Size,Share,Growth Prospects,Key Opportunities,Trends and Forecasts By Credence Research
Global Rare Earth Market Size, Analysis, Competitive Strategies and Forecasts, 2011 to 2017 - Acute Market Reports
Security Ink Market Key Analysis, Growth Prospect and Development Trends Forecast by 2017-2022
Ultra-low Alpha Metals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024
Philippines Base Metals Mining Market Share and Size, Costs and Price, Growth, Emerging Key Trends and Opportunities Forecasts to 2020
Brazil Base Metals Mining Market Growth And Forecast Report To 2020: Radiant Insights, Inc
Plastics in Electric Vehicles Market Development and Trends Forecasts Report 2017-2022
Permanent Magnets Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019